On May 4, 2023, Manitex International, Inc. (the Company), the Company's domestic subsidiaries and Amarillo National Bank (the Lender) entered into a First Amendment (the Amendment) to the Commercial Credit Agreement dated as of April 11, 2022 (the Credit Agreement), by and among the Company, the Company's domestic subsidiaries and the Lender. The Amendment is effective as of April 11, 2023. The Amendment extends the maturity of the $40,000,000 revolving credit facility under the Credit Agreement (the “Operating Note”) from April 11, 2024 to April 11, 2025; provided that if there is no existing Event of Default (as defined in the Credit Agreement) under the Operating Note on April 11, 2025, the maturity of the Operating Note will be extended to April 11, 2027.

This process will repeat on April 11 of each year following 2025, such that the maturity of the Operating Note will continue to extend in one-year increments; provided that the Lender will give the Borrower (as defined in the Credit Agreement and including the Company) one hundred twenty (120) days' prior written notice if it does not intend to extend the then-maturity date of the Operating Note. The Amendment also extends the maturity of the $30,000,000 revolving credit facility under the Credit Agreement from April 11, 2024 to April 11, 2025. The maturity of the term loan under the Credit Agreement remains October 11, 2029.